{"id":656648,"date":"2024-12-04T03:18:11","date_gmt":"2024-12-04T03:18:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=656648"},"modified":"2024-12-04T02:48:15","modified_gmt":"2024-12-04T02:48:15","slug":"ethereum-price-holds-steady-4k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-holds-steady-4k\/","title":{"rendered":"Ethereum Price Holds Steady, $4K Remains The Goal"},"content":{"rendered":"<p><em>Ethereum price is recovering higher from the $3,500 zone. ETH is showing bullish signs and might soon aim for a move above the $3,700 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum remained in a positive zone and stayed above the $3,500 zone.<\/li>\n<li>The price is trading above $3,620 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $3,600 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could restart its increase if it clears the $3,700 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Makes Fresh Increase<\/h2>\n<p>Ethereum price failed to clear the $3,680 resistance zone and corrected some gains like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-95k-plateau\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. ETH declined below the $3,600 and $3,550 support levels. It even retested the $3,500 support level.<\/p>\n<p>A low was formed at $3,505 and the price is now attempting a fresh increase. There was a move above the $3,600 and $3,620 levels. The price cleared the 50% Fib retracement level of the downward move from the $3,760 swing high to the $3,505 low.<\/p>\n<p>Besides, there was a break above a connecting bearish trend line with resistance at $3,600 on the hourly chart of ETH\/USD. Ethereum price is now trading above $3,600 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-recovery-3650\/\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $3,680 level. The first major resistance is near the $3,700 level or the 76.4% Fib retracement level of the downward move from the $3,760 swing high to the $3,505 low. The main resistance is now forming near $3,750.<\/p>\n<figure id=\"attachment_656649\" aria-describedby=\"caption-attachment-656649\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-656649\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png?w=104 104w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png?w=83 83w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-656649\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>A clear move above the $3,750 resistance might send the price toward the $3,880 resistance. An upside break above the $3,880 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,120.<\/p>\n<h2>Another Drop In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,700 resistance, it could start another decline. Initial support on the downside is near the $3,600 level. The first major support sits near the $3,550 zone.<\/p>\n<p>A clear move below the $3,550 support might push the price toward the $3,500 support. Any more losses might send the price toward the $3,420 support level in the near term. The next key support sits at $3,350.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n<p>Major Support Level \u2013 $3,600<\/p>\n<p>Major Resistance Level \u2013 $3,700<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is recovering higher from the $3,500 zone. ETH is showing bullish signs and might soon aim for a move above the $3,700 resistance zone. Ethereum remained in a positive zone and stayed above the $3,500 zone. The price is trading above $3,620 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,600 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could restart its increase if it clears the $3,700 zone. Ethereum Price Makes Fresh Increase Ethereum price failed to clear the $3,680 resistance zone and corrected some gains like Bitcoin. ETH declined below the $3,600 and $3,550 support levels. It even retested the $3,500 support level. A low was formed at $3,505 and the price is now attempting a fresh increase. There was a move above the $3,600 and $3,620 levels. The price cleared the 50% Fib retracement level of the downward move from the $3,760 swing high to the $3,505 low. Besides, there was a break above a connecting bearish trend line with resistance at $3,600 on the hourly chart of ETH\/USD. Ethereum price is now trading above $3,600 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,680 level. The first major resistance is near the $3,700 level or the 76.4% Fib retracement level of the downward move from the $3,760 swing high to the $3,505 low. The main resistance is now forming near $3,750. A clear move above the $3,750 resistance might send the price toward the $3,880 resistance. An upside break above the $3,880 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,120. Another Drop In ETH? If Ethereum fails to clear the $3,700 resistance, it could start another decline. Initial support on the downside is near the $3,600 level. The first major support sits near the $3,550 zone. A clear move below the $3,550 support might push the price toward the $3,500 support. Any more losses might send the price toward the $3,420 support level in the near term. The next key support sits at $3,350. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 zone. Major Support Level \u2013 $3,600 Major Resistance Level \u2013 $3,700<\/p>\n","protected":false},"author":67,"featured_media":656650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83362],"tags":[65296,1946,8686,78803],"class_list":["post-656648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Holds Steady, $4K Remains The Goal<\/title>\n<meta name=\"description\" content=\"Ethereum price is recovering higher from the $3,500 zone. 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